Is Mangal Electrical Industries Ltd. stock a buy or sell right now?

Based on current indicators, Mangal Electrical Industries Ltd. shows a Buy signal, supported by strong momentum and a confirmed uptrend.

What is Mangal Electrical Industries Ltd.’s RSI?

RSI is 71.22, indicating overbought levels and potential for a pullback.

What does MACD indicate for MEIL.NS?

MACD at 21.75 signals bullish momentum with buyers in control.

What are Mangal Electrical Industries Ltd.’s key support and resistance levels?

Support sits around $248.12, while resistance is near $356.79.

Mangal Electrical Industries Ltd.

MEIL.NS•NSE

Industrials

Electrical Equipment & Parts

₹341.60

₹-1.05(-0.31%)

Indian Market opens in 9h 26m

Mangal Electrical Industries Ltd. (MEIL.NS) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Mangal Electrical Industries Ltd. (NSE:MEIL.NS).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

MEIL.NS Technical Analysis Summary

Mangal Electrical Industries Ltd. stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy

Momentum:Bullish to Bearish Risk (RSI: 71.22)

Trend Strength:Strong (ADX: 31.82)

Volatility:Medium (ATR: 16.82)

Support/Resistance:$248.12 – $356.79 (Bollinger Bands)

Technical conditions suggest Mangal Electrical Industries Ltd. is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 71.22

Bearish

Overbought, selling pressure may emerge.

Stochastic %K: 87.59

Bearish

Overbought levels may trigger pullback.

Williams %R: -22.33

Bullish

Buying pressure building steadily.

Rate of Change (ROC): 13.00

Strongly Bullish

Strong upside momentum.

Takeaway:Mangal Electrical Industries Ltd. shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 21.75

Bullish

Bullish, trend momentum is strengthening.

ADX: 31.82

Strong

Strong trend, momentum well established.

ATR (14): 16.82

Rising

Rising volatility, market activity increasing.

CCI (14): 122.14

Bearish Risk

Bearish risk, overbought levels suggest caution.

Takeaway:Mangal Electrical Industries Ltd. shows overheated trend conditions, with risk of sharp pullback.

Support & Resistance indicators

Bollinger Bands

Upper Band

$356.79

Middle Band (SMA 20)

$302.45

Lower Band

$248.12

Current Position

Within Bands

Takeaway:Mangal Electrical Industries Ltd. trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels

Upper Channel

$337.71

Middle Line (EMA 20)

$304.08

Lower Channel

$270.45

Squeeze Status

No Squeeze

Takeaway:Mangal Electrical Industries Ltd. trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis

On-Balance Volume1.71M

Money Flow Index76.81Bullish, inflows support continued momentum.

Relative Vigor Index59.35Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:MEIL.NS shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary

Based on the current technical analysis of Mangal Electrical Industries Ltd., here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Mangal Electrical Industries Ltd. currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.